Tag: Reddit

Reddit somehow seems to fly under the radar for the average person, despite being the sixth most popular website in the world. But while its ugly aesthetic – and often, ugly content – is alienating to many, there is much to admire. In fact, Reddit provides a model for how to create a more interesting, fairer web. A model that doesn’t drag down other publishers in the process. Reddit’s system – where users upvote things they like, and downvote things they don’t – is about as transparent as it gets…

Reddit, the social news site with a big Web footprint, is raising a big funding round — with help from some of the people who helped launch the site nine years ago, including co-founder Alexis Ohanian and other people associated closely with startup incubator Y Combinator. Sources said the almost-anything-goes site has reached a preliminary agreement to sell less than 10 percent of the company for more than $50 million. That could give the company a valuation of upwards of $500 million. Given investors’ new-found appetite for content companies — see:…